The Air Jordan Craze Boosted Sales On All Three Platforms
On the buyer’s side, demand for sneakers has increased as well.
According to BUMP co-founder and CEO Jack Ryder, there has been a significant increase in buyers on his platform as more people look to nab underpriced shoes to resell for more later on.
“Maybe people have a bit more time on their hands to shop or perhaps there’s more attention on the latest releases with not much else going on,” Ryder said, explaining how the recent increase in competition to nab pairs in hyped drops could possibly fuel demand for certain pairs even further.
Demand has been especially strong in the Air Jordan category.
The launch of the ESPN’s Michael Jordan docuseries “The Last Dance” in April sent the prices of valuable Air Jordan to new heights. Luxury consignment platform The RealReal reported a 53% week over week increase in the average selling price for Jordan sneakers during the two weeks following the launch. The CEOs of GOAT, Stadium Goods, and BUMP all reported similar trends.
On GOAT, Air Jordan sales increased by 68% in the first weeks after the series aired. For Stadium Goods, the increased attention to the Jordan brand was the most notable trend since the start of the pandemic.
“That series really struck a chord in pop culture, particularly with sneaker fans,” said Stadium Goods cofounder and co-CEO John McPheters. “And it’s been a welcome diversion from some of the tough news that’s out there.”
What The Stadium Goods And Christies Collab Says About The State Of Sneaker Resale
To receive the Vogue Business newsletter,.
Led by StockX and Goat, reselling sneakers has turned into a highly profitable business in recent years. Thats encouraging more shops and platforms to turn to reselling, with the emphasis on limited-edition sneakers.
Smaller rival Stadium Goods, which was acquired by Farfetch in December 2018, is now racing to catch up. One way is by linking up with auction houses, to reach new, high-spending clients. In return, the auction houses benefit from specialist expertise in sneakers and authentication.
Following on from a smaller-scale initiative with Sothebys in 2019, Stadium Goods is partnering with Christies on an online auction this month that features over 90 variations of Air Jordan sneakers, priced from under $1,000 to over $100,000, Vogue Business can exclusively reveal. Early highlights will be available to browse online on 2 June, with a full selection available at Christies New York from 4 June. The sale proper runs from 22-30 June. Stadium Goods has sourced sneakers for the sale, while Christies focuses on marketing it to buyers.
The goal is to reach a wide international audience of enthusiasts who appreciate the design and historical significance of what were offering, says Ben Jacobs, Stadium Goodss director of global brand strategy and partnerships. Obviously the goal is to sell all of the shoes, but we genuinely hope they end up in the hands of those who will appreciate and display them.
Whats The Best Way To Resell Your Sneakers A Definitive Guide
Big money can be made if you land the right sneaker or sell a ton of pairs. But whats the best way to flip your inventory?
There are many ways to resell your shoes. You can flip them hand-to-hand to people you know, drop them off at big consignment retailers such as Flight Club or Stadium Goods, list them on eBay, or sell them through websites such as StockX and apps like GOAT.
But you need to be mindful of a lot when youre reselling your shoes. What are the fees? How long will it take to sell the sneakers or get paid? How will you get paid? How much effort do you need to put in on your end? Will anyone save you if you get scammed?
To break it down, here is a roundup of the most popular sites, stores, and ways to resell your shoes. We want you to be informed, so weve taken the who, what, where, when, and whys into consideration and presented it here so you can make up your own mind. Here are the pros and cons:
Don’t Miss: Usps Shoes Box
Is Stadium Goods Legit Everything You Wanted To Know About Stadium Goods
Is Stadium Goods a legit store to buy and sell sneakers? Weve rounded up all the deets you need to know about Stadium Goods New York.
Getting your hands on a limited-edition sneaker used to mean camping outside, endless lines, and crying when your size sold out. Not anymore!
Websites like Stadium Goodsexist to resell those limited editions you missed, as well as help you part with any sneakers you no longer wish to keep. Stadium Goods is a New York-based brand that specializes in the resale of sought-after sneakers and streetwear. It was founded in 2015 and is a leader in the footwear industry for authenticity and inventory diversity. Basically, if youre looking for a pair of one-ofa-kind kicks, youre going to find it here.
Take a look at some common questions below and see if Stadium Goods fits with what youre looking for
In This Post
Does Stadium Goods Sell Authentic Sneakers
Yep! Stadium Goods prides itself on only selling guaranteed, authentic items. They are experts in the shoe industry and know what to look for during a visual inspection. Stadium Goods is also able to verify the authenticity in other ways using enhanced technology by their vendors. Furthermore, Stadium Goods maintains that all sellers show proof of purchase.
Don’t Miss: Best Thing To Clean White Shoes With
Is It Worth Selling On Stadium Goods
If you no longer like your unworn or lightly used trendy sneakers, then Stadium Goods is an excellent website to help you sell! They boast one of the lower commission rates of any resale sneaker company and have access to multiple sales funnels to speed up the process This means you get paid faster. Selling to Stadium Goods is trusted and efficient. If you dont want to go through the hassle of parting with your limited edition Air Jordans alone, its the perfect website to get you the highest dollar. Plus, you might even find a new pair you love and continue a sustainable circle.
Looking to sell other high-end pre-loved shoes, bags or clothing? Check-out this guide on Steal the Style.
Stockx Goat And Stadium Goods Reveal What It Takes To Become A Sneaker Authenticator
The list includes two other Jordan styles: the Air Jordan 1 High 85 Neutral Grey and the Air Jordan 11 Retro Cool Grey. Pricing for the shoes via Stadium Goods starts at $385 and $449, respectively.
New Balance also makes an appearance twice on the list, with shoes done in collaboration with Aimé Leon Dore and FNAA 2020 Designer of the Year Salehe Bembury. The Aimé Leon Dore x New Balance 550 made the cut, with pricing starting at $560 in the Natural Green colorway, and Bemburys New Balance 2002R Water Be the Guide is also on the list, with pricing starting at $335.
A trio of Nike collaborations made the cut: Patta x Air Max 1 Monarch,Dunk Low x Off-White Lot 01 and Readymade x Blazer Mid White. Pricing for the collabs start at $249, $2,060 and $250 via Stadiumgoods.com
Adidas also made two appearances on the Stadium Goods list. One look is from Kanye Wests Yeezy imprint, the Foam RNNR MXT Moon Grey, with prices starting at $439. The other is the Forum Buckle Low Easter collaboration with Bad Bunny. Pricing for the Bad Bunny collab starts at $575.
Also Check: Can You Wash And Dry Hey Dude Shoes
Resale Market: Good Or Bad For Brands
The continued growth of the resale market is dependent on a progressive marketing strategy from big brands such as Nike, Adidas, Louis Vuitton and Gucci, and resale sites from StockX to Vestiaire Collective and Depop want to move closer to brands. They are expanding their reach beyond consumer-to-consumer sales, welcoming storefronts and capsule collections from brands. That involves, typically, collaborations with streetwear brands to create one-off items or limited colourways, experts say. The more restricted the collaboration, the greater the demand pushing up prices for vendors.
Nike and Adidas are focused on tight control over distribution, says NPDs Powell. But there are concerns that the relationship between brand and customer will become strained. When a brand comes out with a shoe for $150 and its suddenly resold for $300, that penalises the relationship between the brand and the consumer, explains Powell. While brands recognise that these platforms bring them a lot of free publicity, theres a downside as well.
If the likes of Nike and Adidas choose to increase supply, that will drive down resale prices, says Powell. Already, the market isnt seeing the kind of resale multiples of even a year ago, he observes. That will suppress interest from the people who were in this strictly for the economics.
How A Single Pair Of Sneakers Explains The Booming Billion
Zac leans into the pair of sneakers in his hands and takes a great big whiffthe sort of noisy inhale typically reserved for fresh-out-of-the-oven cookies and the heads of newborn babies. Zac is a sneaker authenticator at Stadium Goods, the New York-based sneaker-resale company, where people frequently buy and sell footwear for thousands of dollars. They are entrusting Zacs nostrils to safeguard their investment. Today, he is eagerly hoovering the vapors from a pair of Nike x Supreme SB Dunks from 2002 that have been on a long and telling voyageone that says a lot about the booming, and still-growing, sneaker resale industry.
The sniff, Zac says, is his favorite way to tell a legitimate shoe from a fake one. He guesses hes personally checked over a million shoes by nowand because he smells each and every sneaker hes looked at, that means hes smelled over a million, too. Folks at the Stadium Goods consignment desk, which resembles a UPS store with its L-shaped counter separating customers from stacks of boxes, typically laugh, Zac says, but the jokes on themhes never been fooled.
Zac can tell if a shoe is fake in less than 30 seconds. Speed is important, because roughly 600 shoes a day come before him and his small team of authenticators. Zac says that at one point, before the team expanded to around a half-dozen, he was authenticating around 200 pairs daily.
Don’t Miss: How Many Miles On Shoes
What To Expect From Stadium Goods Second Us Outpost In River North
Long before COVID-19 kicked in, most of us were already doing much of our shopping virtually. But when the product is compelling and just stepping in the door of a store is an experience in itself, getting off the couch is a no-brainer.Such is the case at Stadium Goods, the New York-bred mecca where sportswear and streetwear have been colliding since 2015. Now, the purveyor of connoisseur-quality sneakers and apparel has opened its second brick-and-mortar outlet in Chicago at 60 E Walton St.Founders John McPheters and Jed Stiller are convinced theyve landed in the right place with their new home away from home. Lets hear what they have to say about the opening and what Windy City sneakerheads should expect inside.
InsideHook: How did you settle on Chicago for your first beyond New York store? John McPheters: Chicago has a style that is utterly unique and genuine. It has an incredible sneaker culture in its own right in fact, the classic colorway of the shoe that many people credit with launching modern sneaker culture, the red, black and white Air Jordan 1, is nicknamed the Chicago. Chicagos also the hometown of arguably the most important sneaker designers of the last five years, Kanye West and Virgil Abloh. Chicago was the only choice that we considered for our second retail location.
My Boyfriend Purchased The Black And
My boyfriend purchased the black and white 11 from this place. Something about the shoe wasn’t right. I started looking at all my 11s and noticed there was so many things wrong about the shoe. I sent the shoe back they didn’t refund all my money. This company is a joke I will never order from them again
Recommended Reading: Peloton Pedals For Regular Shoes
Where Does Stadium Goods Get Their Shoes From
Stadium Goods works like a consignment shop for pristine to like-new pre-owned sneakers, among select other things . They get their inventory from people worldwide who no longer need their items, and this is how they can boast such a diverse catalog. All merchandise they sell goes through a rigorous authenticity process, as mentioned earlier.
Ebay And Stadium Goods Kick Off Sneaker Showdown With Fans Voting To Determine Which Grail Goes On Sale
eBay News Team
Head-to-head matchups begin March 30 on Instagram and Twitter, culminating in the top-voted shoe dropping at an incredible price.
Update:
After five rounds of polls and over a million votes tallied, the Travis Scott x Air Jordan 1 High OG has been crowned the eBay x Stadium Goods Sneaker Showdown champion! This morning, eBay released limited quantities of the winning sneaker for $799. Then, as an extra surprise for our loyal sneaker community, we offered a limited drop of the runner up, the Nike Air Max 1/97 VF SW Sean Wotherspoon, at $649. Both sneakers sold out in minutes.
This spring, eBay and Stadium Goods launch Sneaker Showdown, a series of polls giving the public the opportunity to decide which highly sought-after sneaker goes on sale at a significantly reduced price. Together, weve sourced 16 of the best styles and positioned them head-to-head in every sneakerheads dream bracket. From Off-Whites to Yeezys, Union Jordans to Travis Scotts hottest collaborations, the community can vote on a prime selection of grails in hopes their favorite shoe comes out on top.
Beginning March 30, fans can visit eBays or , or Stadium Goods to pick their favorite sneaker from each matchup. The series will culminate on April 8 with the top-voted shoe dropped at an unbelievable price. Whats the best grail in the Sneaker Showdown? Its up to you to decide.
Meet the Contenders
Jumpman vs. Yeezy
You May Like: Sneaker Raffle Websites
Take 15% Off Grails This Weekend At Stadium Goods
While staple pieces are always in demand to build your rotation on, it helps to add a grail or two if you want to elevate things. Luckily, getting hold of those grails just got a little cheaper. For this weekend, you can bag a pair of grailed kicks from Stadium Goods with a helpful discount.
That means hard-to-get-hands-on and raffled sneakers are available for less than you’d expect. While 15 percent might not sound like a huge amount, it makes the difference between a solid investment and an impulse buy. So appease your cravings with a helping hand for this weekend only.
The details
What: 15 percent off selected itemsWhen: Until November 8, 23:59 ESTHow: No code needed, just start shopping here.
Our designated Selects section features products that we love and want to share with you. Highsnobiety has affiliate marketing partnerships, which means we may receive a commission from your purchase.
Web Accessibility Statement
Disclaimer
Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.
Contact Us
How Marketplaces Compete
Lets take a closer look at the sneaker marketplace space. At their core, StockX, GOAT, and Stadium Goods are all making the same pitch to sneaker fanatics: come buy or sell authentic, limited stock sneakers on our platform at a better price, and well make sure theres no fakes.
All three companies also have authenticity verification processes. Sneakerheads only want the real deal, and at a bargain too. On the other side of these platforms, many sneaker collectors have pristine shoes theyre willing to sell. The platforms connect private buyers and sellers over a shared passion for authentic fresh kicks.
Don’t Miss: Best Way To Clean Hey Dudes
The History Of Stockx
StockX is a joint venture between former IBM consultant Josh Luber and Billionaire Dan Gilbert, founder of Quicken Loans and Cleveland Cavaliers owner. Luber had created Campless, a website dedicated to sneaker resale pricing using algorithms from eBay sales. Gilbert was thinking about a stock exchange for sneakers after watching his son buying and selling shoes online. StockX was created, Campless was absorbed into the company, and Josh Luber became StockXs CEO.
I Brought A Pair Of Adidas Ultra Boost
I brought a pair of adidas ultra Boost snickers from them they sent me the wrong size it was there mistake I screen shot a photo of my order to them by email to prove them it was there fault, they cost over $200 dollars including post, I sent them back now I not get my refund and they not answer my emails warning to other people they scammed me out of $200 dollars
Stadium Goods sent my items with a missing line in my address. The line was my name and box number. So it got lost, maybe destroyed. They never accepted their mistake and stopped answering my emails.So I lost $150 and no Christmas present for my son.
Worst customer service ever, do not use. Sent out the wrong size pair of shoes but won’t refund due to their horrendous returns policy.Shop elsewhere.
You May Like: Usps Priority Shoebox Rate
